An election victory for the right-wing parties could lead to further spread widening.
(Photo: Bloomberg)
Rome The Italians have not yet elected a new parliament. There is still no right-wing alliance in power, as many European partner countries and analysts fear. And yet the markets are already showing a clear trend in the last few days before the election: downwards.
The Italian stock index FTSE MIB alone, in which the 40 largest companies are bundled, lost 4.5 percent within a week. Year-on-year, the Milan index has even lost more than 17 percent.
Giorgia Meloni, head of the post-fascist party Fratelli d’Italia, could get around a quarter of the votes on Sunday, according to polls. Together with the right-wing Lega and the centre-right party Forza Italia, she wants to forge a right-wing alliance – which would have a clear majority in parliament.
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